B&C Speakers S.p.A. (BEC) AI Stock Analysis

• Market Cap: €209.65M
• Dividend Yield: 5.19%
• Average Volume (3M): 7.42K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 0.18
• Revenue Growth: 9.27%
• EPS Growth: 38.28%
• Country: IT
• Employees: 344
• Sector: Services
• Sector Strength: N/A
• Industry: Consumer Electronics
• EPS (TTM): 0.34
• Shares Outstanding: 11,000,000
• 10 Day Avg. Volume: 12,663
• 30 Day Avg. Volume: 7,424
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €19.50
• Price Target Upside: 1.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 80 Outperform
• Price Target: €19.50 ▲(1.30% Upside)

The strong financial performance and attractive valuation are the primary drivers of the overall score. The stock's bullish technical indicators also contribute positively, though overbought signals suggest caution. Absence of earnings call data and corporate events limit the analysis.

B&C Speakers S.p.A. Business Overview & Revenue Model

Company Description

B&C Speakers S.p.A. (BEC) is an Italian company specializing in the design and manufacturing of professional audio speakers and transducers. Established in 1946, BEC operates primarily in the professional audio sector, catering to markets such as live sound, installation, and OEM (Original Equipment Manufacturer) for musical instruments and audio equipment. The company's core products include a wide range of speaker drivers, including woofers, mid-range drivers, and compression drivers, which are utilized in various applications from concert venues to commercial audio solutions.

How the Company Makes Money

B&C Speakers generates revenue primarily through the sale of its audio speaker products to a diverse range of customers, including audio manufacturers, distributors, and professional sound reinforcement companies. The company’s revenue model is centered on the production and sale of high-quality audio components, which are often customized to meet the specific needs of clients. Key revenue streams include direct sales to OEM partners, where BEC provides speakers for integration into third-party audio equipment, and sales through its distribution network to end-users in the professional audio market. Additionally, BEC benefits from strategic partnerships with industry leaders and participation in trade shows, enhancing its market visibility and facilitating new business opportunities.

B&C Speakers S.p.A. Financial Statement Overview

Summary

B&C Speakers S.p.A. demonstrates strong financial performance with consistent revenue growth, stable gross profit margins, and significant improvement in net profit margin. The balance sheet is healthy with better leverage management, though total liabilities remain a concern. Robust cash flow management indicates effective capital expenditure and operational cash flow handling.

Income Statement

B&C Speakers S.p.A. demonstrates strong financial performance with consistent revenue growth, as evidenced by a revenue increase from €46.0 million in 2021 to €100.4 million in 2024. Gross profit margins have been stable, reflecting efficient cost management. The net profit margin improved significantly from 10.8% in 2019 to 17.7% in 2024, highlighting enhanced profitability. However, a decrease in EBIT from 2023 to 2024 indicates a need for improved operational efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a stable equity position, as seen in the equity increase from €28.4 million in 2021 to €55.2 million in 2024. The debt-to-equity ratio decreased, indicating better leverage management. However, total liabilities remain significant, which could pose a risk if not managed carefully. A strong equity ratio underscores a solid financial foundation.

Cash Flow

B&C Speakers S.p.A. exhibits robust cash flow management, with free cash flow showing a growth from €1.3 million in 2021 to €10.4 million in 2024, highlighting effective capital expenditure and operational cash flow management. The operating cash flow to net income ratio remains strong, indicating efficient cash generation relative to net income. Despite some fluctuations in investing cash flows, overall cash flow health is commendable.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	100.37M	94.02M	82.41M	46.04M	32.52M
Gross Profit	37.07M	34.73M	30.18M	16.89M	12.12M
EBITDA	22.61M	21.94M	19.10M	8.92M	4.66M
Net Income	17.80M	13.99M	12.24M	4.97M	1.92M
Balance Sheet
Total Assets	87.26M	86.35M	80.01M	63.76M	52.96M
Cash, Cash Equivalents and Short-Term Investments	16.60M	21.59M	14.40M	18.90M	21.46M
Total Debt	17.52M	22.24M	23.81M	22.82M	20.87M
Total Liabilities	32.07M	40.14M	43.32M	35.39M	26.75M
Stockholders Equity	55.20M	46.21M	36.69M	28.38M	26.21M
Cash Flow
Free Cash Flow	10.39M	17.04M	894.09K	1.27M	6.72M
Operating Cash Flow	12.97M	18.34M	1.78M	1.87M	7.18M
Investing Cash Flow	-2.42M	-434.04K	-17.48K	-3.15M	-452.38K
Financing Cash Flow	-15.74M	-11.35M	-4.49M	-4.06M	1.72M

B&C Speakers S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BEC, the sentiment is Positive. The current price of 19.25 is above the 20-day moving average (MA) of 17.92, above the 50-day MA of 16.93, and above the 200-day MA of 15.55, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 61.36 is Neutral, neither overbought nor oversold. The STOCH value of 62.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:BEC.

B&C Speakers S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEC	80 Outperform	€209.65M	11.42	34.04%	5.19%	9.27%	38.28%
Sector *	57 Neutral	$1.87B	9.37	8.02%	2.50%	5.38%	-37.86%
0KHH	―	€115.71M	―	-25.42%	―	―	―
2I6	―	€114.78M	9.72	8.52%	―	―	―
FPE	72 Outperform	€214.90M	25.75		2.14%	9.98%	-16.79%
CELL	70 Outperform	€71.02M	9.29		2.94%	―	―
RFG	―	€130.10M	22.71		1.87%	―	―